Pt 2-20 inserted by No 56 of 1997.

Div 61 inserted by No 56 of 1997.

Subdiv 61-P inserted by No 54 of 2016, s 3 and Sch 2 item 2, applicable in relation to contributions made on or after 1 July 2016 to an ESVCLP that became registered, under subsection 13-1(1A) of the Venture Capital Act 2002 , on or after 7 December 2015 (whether or not it was conditionally registered, under subsection 13-5(1A) of that Act, before that day). No 54 of 2016, s 3 and Sch 2 item 5 contains the following provision:

5 Contributions made to ESVCLPs in previous income years  
5
Subdivision 61-P of the Income Tax Assessment Act 1997 as added by this Part, and item 4 of this Part, apply in relation to the first income year starting on or after 1 July 2016 (the initial income year ) as if:

(a) any contribution that a limited partner of an ESVCLP made to the ESVCLP during an earlier income year were made during the initial income year; and

(b) any eligible venture capital investments made by the ESVCLP:

(i) during an earlier income year; and

(ii) after the first contribution made by the partner to the ESVCLP;

were made during the initial income year.

S 61-755 inserted by No 54 of 2016, s 3 and Sch 2 item 2, applicable in relation to contributions made on or after 1 July 2016 to an ESVCLP that became registered, under subsection 13-1(1A) of the Venture Capital Act 2002 , on or after 7 December 2015 (whether or not it was conditionally registered, under subsection 13-5(1A) of that Act, before that day). See note under Subdiv 61-P heading.